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Apex Trader Funding (ATF) - News

FUZE Technology Secures $11.5M in Series A Funding to Propel Global Expansion of IoT Hardware and Software

LOS ANGELES, June 13, 2024 (GLOBE NEWSWIRE) -- FUZE Technology ("FUZE"), the pioneering IoT company behind chargeFUZE, the premier pay-per-use mobile charging solution, announces the close of the company's Series A funding round, securing $11.5 million. This investment will fuel FUZE's growing demand and accelerate its international expansion, with an emphasis on new product innovations. The company also announces adFUZE, a global network of IoT utilities backed by data-driven advertising, powering the future of DOOH advertising. The Series A funding round was led by Beverly Pacific with participation from Palm Tree Crew, Bain Capital Ventures Scout Fund, and Dream Ventures. Additional participants include a strategic roster of new and returning investors: Live Nation Entertainment, ASM Global, SCIENCE Ventures, Haslem Sports Group, Simon Ventures of Simon Property Group, Fenway Sports Group's Michael Gordon, Sunday Ventures, SeaHorse Express, Locker One Ventures, Geoff Lewis of Bedrock Capital, London & NYC-based TR Ventures, Melbourne-based LK Group, Cameron Azoff and Nicolai Marciano. "We're thrilled to extend our partnership and investment in FUZE's global network, including chargeFUZE and adFUZE," said Tom Allison, Live Nation's Head of New Ventures. "FUZE's commitment to keeping fans powered ...